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Parametrix

Provides parametric insurance for cloud outages

Senior Electrical Engineer

Controls & Automation EngineeringConfirmed live in the last 24 hours
Full-timeHybrid

About the Job

Requirements

  • A Bachelor of Science in Electrical Engineering (BSEE), Professional Engineer (PE) license, and at least 10 years of consulting experience are required.
  • Experience in industrial power, including 480V power distribution, motor control with variable frequency drives, standby generators, National Electrical Code compliance, classified spaces, and lighting is required.
  • Technical expertise in programmable logic controllers, supervisory control and data acquisition systems, industrial control networks, wired and wireless telemetry, relay control logic, and process instrumentation is required.
  • Experience serving municipal and/or industrial water and wastewater clients is required.

Responsibilities

  • Lead electrical engineering design for municipal and/or industrial water and wastewater collection, distribution, and treatment facility projects.
  • Partner in business development and client management efforts, serving in a client-facing role with direct engagement and relationship-building responsibilities.
  • Support collaboration, mentorship, and connection within the electrical team and broader Water Division.

About the Company

Parametrix

Provides parametric insurance for cloud outages

Parametrix provides parametric insurance for business interruptions caused by downtime of third-party digital services. It uses a proprietary monitoring system that tracks the performance of cloud providers and other IT services, and when a predefined downtime trigger is reached, it pays a fixed amount automatically—typically within 15 days—without deductibles. The company distinguishes itself with rapid, trigger-based payouts and a global network that manages third-party IT risk, plus notable deals like the Cumulus Re catastrophe bond for cloud outages developed with Hannover Re. Its goal is to close the coverage gap for cloud and digital service interruptions and scale its parametric model to address growing digital dependency.

Company size
11-50
Company stage
Debt Financing
Total funding
$83.6M
Headquarters
New York City, New York
Founded
2019

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